Holiday preparations are in full swing: Dior lit up Saks Fifth Avenue’s Manhattan flagship last night, launching its windows, in-store installation, and a digital pop-up, while the scent of NEST’s iconic Holiday Candle will waft down Fifth Avenue beginning Thursday.
Here at CEW, Andrea Nagel reports on the exciting news that Cosmoprof will hold its first B2B trade show in Miami, Florida, in January 2024. ”For the first time in its 20-year run in North America, Cosmoprof Miami looks to supplement the long-running summer show held in Las Vegas with opportunities in North, South, and Central America,” writes Nagel. The focus will be on Latin America, with Country Pavilions showcasing Argentinian, Brazilian, and Colombian beauty, says CPNA Vice President of Marketing, Liza Ripay. Cosmoprof Miami will feature a Retail Safari tour of local stores, led by WSL Strategic Retail.
Also at CEW today, Anna Mayo, Vice President of NielsenIQ’s Beauty Vertical, shares her insights on the new NIQ Report: The Intersection of Beauty + Wellness. “If adjacent categories are incorporated, the full market view of beauty and wellness is $140.7 billion, which expands the beauty category by 45%. These adjacent categories are ones that consumers are cross shopping most often and are closest to the trends we are seeing in beauty,” writes Mayo, who offers suggestions for how companies can capitalize on this opportunity, which has grown since the COVID-19 pandemic.
Catch up on these and other news stories with a festively flavored latte at the links below.
Cosmoprof Heads South to Miami. Andrea Nagel at CEW reports on the launch of the new B2B trade show in Miami, Florida, which will run from January 23 through January 25, 2024. (CEW)
Holiday Shoppers Follow Their Noses to Fifth Avenue. A festive collaboration between the Fifth Avenue Association, Bergdorf Goodman, and NEST New York, will bring the scent of the brand’s iconic Holiday candle to the streets of Manhattan (between 46th and 61st Streets) beginning Thursday. (PR NEWSWIRE)
When Beauty Met Wellness. Led by consumer habits post-pandemic, smart beauty brands are pivoting to meet the rising demand for health and wellness ranges. (CEW)
Sales of Adult Acne Products Surge. No longer a teen-focused category, sales of acne-targeting, mass-market formulations from brands such CeraVe have increased by 27%. (WWD)
Bath & Body Works Exceeds Q3 Expectations. The company reports revenue that exceeds analyst estimates by 3.1%, and earnings per share estimates by 111% for the third quarter of 2023. (SIMPLY WALL ST)
Inner Skin Raises €5 Million. The Paris-based aesthetic clinic’s first round of funding was led by Label Capital. (BEAUTY MATTER)
How Indie Beauty Feels About MoCRA. Beauty Independent reports on how indie beauty brands believe the Modernization of Cosmetic Regulations Act (MoCRA), which comes into force next month, will impact their businesses. (BEAUTY INDEPENDENT)